Kuwait has plans to purchase up to 1.5m metric tons of Liquefied Natural Gas (LNG) from Russia on an annual basis, according to the Deputy Managing Director of Kuwait Petroleum Corporation (KPC), Nasser Abdullah Saleh, Sputnik International wrote.
KPC has been in talks with Russia’s gas company Novatek about the deliveries of LNG from Russia to Kuwait. At the moment, Novatek is implementing a number of LNG projects, including construction of an LNG production plant in the Yamal Peninsula, further to the east along the Russian Arctic coast, with another LNG factory to be constructed in the Gydan Peninsula.
The Yamal LNG gas project is one of the largest industrial undertakings in the Russian Arctic, and it is expected to have an annual capacity of 16.5m metric tons of gas.